From our “No way, I would’ve never guessed that a billionaire might resort to stealing” files.
Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.
Full story here. Thieving billionaire politician receives serious public paddling. But is still a billionaire, just less so. At least there’s some adjustment for outright thievery.
“Thailand’s Supreme Court has ruled that former PM Thaksin Shinawatra’s family should be stripped of more than half a contested $2.3bn fortune.
The court said $1.4bn (£910m) of the assets were [...]
Full story here from The International Forecaster. And my own personal (don’t-hold-it-against-me) opinion is that were going to probably end up with another equities crash similar to last March–no doubt coincident to calls to either audit the Fed or try to get some honest people onto critical posts. Remember, the names of those stealing the [...]
Full story here from Bloomberg. Apparently otherwise smart exec and finance guys brains’ turn to complete mush in the face of blonde hotness and do things that will land them in orange jumpsuit country…
“Danielle Chiesi spent a lot of time in hotel ballrooms and bars during the past decade.
As an analyst at New Castle Funds [...]
Article here.
What’s the “message” of the market here? Over the last two weeks corporate insiders have dumped over $2.1 billion in stock vs. $73.1 million in buys. I’m not sure I’ve ever seen the ratio of insider sells vs. buys this skewed toward officers and directors looking for the exit door. Talk about the captain [...]